The U.S. and China are set to "consummate" the deal this week in South Korea, Treasury Secretary Scott Bessent says.

President Donald Trump and Chinese President Xi Jinping could "consummate" the TikTok deal announced last month when they meet on Thursday, Treasury Secretary Scott Bessent said.

President Donald Trump said a trade agreement with China and a final deal for TikTok (BDNCE) could be reached this week, as he is set to meet Chinese President Xi Jinping on Thursday in South Korea. "I've got a lot of respect for President Xi and I think we're going to come away with a deal,

President Trump anticipates a TikTok deal with China by Thursday, potentially finalized during his meeting with Xi Jinping in South Korea. American i

After Tiktok challenged the law on First Amendment grounds, a unanimous ruling from the Supreme Court upheld the measure, finding merit in national security concerns centered on potential user data collection or content manipulation.

President Trump is expected to approve a proposed deal this week that would ensure TikTok in the United States is majority-owned by American investors and keep user data in a "trusted" cloud in the U.

The United States will have control over TikTok’s algorithm in the acquisition of the social media platform’s US operations, White House press secretary Karoline Leavitt said on Saturday.

The president arrives shortly in Japan, then heads for Korea, where he's slated to meet with Chinese leader Xi Jinping. Mr. Trump says he expects to reach a trade agreement with China.

Trump is scheduled to meet Xi on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in South Korea, the White House confirmed last week. The high-stakes trade talks come as both leaders attempt to avoid further escalation in the ongoing trade war between the world’s two largest economies.